Economic Snapshot: Why the Big Three CEOs Failed to Secure a Bailout

Minyanville Staff  Nov 20, 2008 2:30 pm

Economic Snapshot: Why the Big Three CEOs Failed to Secure a Bailout
 
Our unscientific poll.
 

 
Why did the Big 3 CEOs -- Rick Wagoner of General Motors (GM), Alan Mulally of Ford (F) and Robert Nardelli of Chrysler -- fail to secure a bailout on Capitol Hill yesterday? Good question. We could tell you ourselves, but we’d rather let the reaction to their testimony by incredulous legislators paint the picture.

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Comments (16) See All Comments »
11-20-2008, 11:17 pm
No offense to Nardelli's other than the serially incompetent CEO:

Is Nardelli itallian for Peter Principled three jobs ago?

Seriously. Seeing that retread on TV getting grilled was deja vu all over again. Could someo
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11-20-2008, 11:19 pm
I would like to comment on two of the senators comments;
Senator Dodd complained that Detroit thought hybrids make no economic sense.
FACT: unless most of your driving is done at speeds less than 35mph, hybrids do not make economic sense.
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11-21-2008, 6:07 am
It's no longer unreasonable to expect a two hour episode of the demise of the American "Big Three" automobile corporations on PBS's "American Experience" titled something like: Unplanned Obsolescence - The Revenge
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11-21-2008, 1:15 pm
Freddy the Freeloaders vs The 3 Stooges. I'm not sure which one will bilk the american public out of more $$$ for being enept.




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11-21-2008, 3:10 pm
"They can't fly commercial - the insurance carried on these 3 guys won't let them. "
Why can't I get insurance like that. I would love to fly private jet.
Seriously, is private jet somehow 'safer'
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